INTERMEDIATE ACCOUNTING (LCPO)
10th Edition
ISBN: 9781264473441
Author: SPICELAND
Publisher: MCG
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Sims Inc. had a $195,000beginning balance in Accounts Receivable. During the year, credit sales totaled $820,000, and collections from customers amounted to $700,000. What was the net amount of receivables included in current assets at the end of the year, before any provision for doubtful accounts?
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- I need help with this general accounting question using standard accounting techniques.arrow_forwardProvide right answerarrow_forwardOn August 1, the accounts receivable account balance of Jenson Corp was $84,200. During August, $312,000 was collected from customers on account. Assuming the August 31 balance was $81,600, determine the fees billed to customers on account during August.arrow_forward
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